Home PENNY STOCK Most Trending Stock – 4 Stocks to watch on May 17

Most Trending Stock – 4 Stocks to watch on May 17

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Most Trending Stock - 4 Stocks to watch on May 17

 

The Indian benchmark indexes ended the session considerably down, led down by losses in companies in the auto and banking sectors. At the closing, the BSE Sensex fell 0.66 percent to 61,932 points. The Nifty 50 index dropped 0.61 percent to 18,286.

Keep an eye on these 4 Large-Cap stocks during Wednesday’s trading session –

The Indian Oil Corporation The business’s shares increased 3.31 percent, reaching a 52-week high and becoming the top gainer in the BSE Largecap pack, after the company declared an exceptional quarter performance and proposed a final dividend of Rs 3 per equity share for FY23, subject to shareholder approval.

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Infosys Ltd. and bp (a worldwide integrated energy corporation) inked a Memorandum of Understanding (MoU) confirming Infosys’ goal to be bp’s major partner for end-to-end application services such as development, modernization, management, and maintenance. Infosys shares finished the session 0.43 percent higher.

Bajaj Finance Services – Shares extended their robust surge in an otherwise sluggish market, closing the session more than 1% higher. The stock has risen more than 13% in the last month as the firm posted strong quarterly results.

KCD Industries India Ltd. founded in 1985, is a small-cap company (with a market capitalization of Rs 25.90 crore) active in the construction industry. In addition, the firm has gotten several orders from Government of India projects.  

 

In both quarterly and yearly financial statements, the firm recorded exceptional earnings. Net sales increased by 7,200% and net profit increased by 3,450% in Q3FY23 compared to Q3FY22.  

 

The 52-week high for the stock is Rs 29.60, and the 52-week low is Rs 7.38. This multibagger stock should be closely monitored by investors. 

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